FX.co ★ Hungary's Current Account Shows Deficit in Fourth Quarter 2023

Hungary's current account took a downturn in the fourth quarter of 2023, with the indicator showing a deficit of -0.561B EUR. This marks a significant decrease compared to the previous quarter's 0.469B EUR surplus. The data was updated on 27 March 2024, revealing a quarter-over-quarter comparison that highlights the stark contrast in the country's current account balance. The shift from a surplus to a deficit in a single quarter indicates a change in Hungary's economic landscape, raising concerns about the country's external trade and financial transactions. Analysts will closely monitor future data releases to assess the impact of this development on Hungary's overall economic health.